Market Update

Market Update Hello Smart Option Sellers! Happy Friday! Nothing too eventful happening this week for us at The Smart Option Seller. I talked a little bit about our positions earlier on Tuesday, especially the ones that are slightly underwater at the moment. This is because those stocks (T, GSK & MRK) are still extremely oversold. I'm hoping that most of the selling exhaustion has relieved itself and we can look towards flat-to-rising moves in those stocks over the coming weeks. This will help push the values of the put options back down, which will move us towards profitability. I'm still quite amazed at the longevity of the bullish move in the markets. Although it's fruitless to try to time the market by picking tops & bottoms, we really haven't had any kind of meaningful pull-back in quite some time. And by that, I mean a 5%-10% correction. One of the reasons for the recent continual march higher? No need to look any further than the really great earnings reports that came out over the last week by some of the biggies - Apple (AAPL), Google (GOOGL), Facebook (FB), Netflix (NFLX) & Amazon (AMZN) to name a few. Those names all make up the FAANG stocks that have really been powering the markets higher, especially the NASDAQ. I wonder if anyone took my "unofficial" advice and sold puts on Apple (and JNJ) that I mentioned in the October 5th alert. Both have been profitable to date. Anyway, let's keep riding the bull train until it stops. The trend is your friend! Continue to hold all positions as-is. If you are new to The Smart Option Seller, make sure to check the Current Portfolio, as some of our plays are still viable to enter. Bitcoin I know I keep bringing it up, but it's because many of you keep asking about it. We've really touched a nerve here with bitcoin. Every time I write about it, it keeps going up in value. It just hit another all-time